Tuesday, July 12, 2011

A Woman in DC

Bair anticipated the subprime mortgage crisis, tried to increase regulations on the industry and opposed big-bank bailouts, instead favoring initiatives designed to help homeowners, not bond owners.

Was she venerated for her foresight and celebrated for her savvy strategy?

Well, not exactly.

Actually, she was vilified for being "difficult" and informed about decisions already made by her male government counterparts. As she leaves her post, she speculates - was she marginalized for being a woman in a man's world, or patronized because she is not an Ivy Leaguer in a power-hungry society?